Exro Technologies Inc. T.EXRO

Alternate Symbol(s): T.EXRO.W | EXROF

Industrials

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.

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Exro Technologies Inc. > Earnings worse than expected

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Comment by Pandoraon Apr 01, 2024 7:27pm

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Post# 35963921

RE:RE:RE:Earnings worse than expected

Napcoo wrote: No meaningful revenue from any drivers in Q4, some may be realized in Q1 2024, but forcasted revenue for Q1 is far below anyone expected, $4.3 Mln, according to the merger documents, expected sales of coil drivers in 2024 is 1000 units, yes, 1000 units only.

So the SP performance is on revenue from sea electric, news pump from exro, not from me

So what is the forecasted total number of EV's to be manufactured in 2024 for which Exro is forecasting they will have 1000 units?

Sounds like their production will not even be noticeable in the total scheme of things.

"Electric vehicle sales are projected to rise in 2024 but analysts are dialing back expectations as the automotive industry grapples with challenges limiting consumer demand and charging infrastructure growth.

J.D. Power now forecasts U.S. electric vehicle market share will hit 12.4% in 2024, up from 7.6% in 2023. While that represents a gain of 63%, the rate is down 0.8 percentage points from the firm’s original prediction.

Last year, EV sales grew at a 50% pace, hitting one million units for the first time. However, much of that growth was driven by Tesla, who accounted for more than half of the increase, whereas the second and third-place contributors, BMW and Mercedes-Benz, were responsible for only 8% and 7%, respectively."

The Electric Vehicles market in North America is projected to generate a revenue of US$91.5bn in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2028) of 17.96%, resulting in a projected market volume of US$177.2bn by 2028.
By 2028, unit sales of Electric Vehicles market in North America are expected to reach 2.73m vehicles.
The volume weighted average price of Electric Vehicles market in North America in 2024 is projected to be US$64.4k.
From an international perspective, it is observed that in China is expected to generate the highest revenue in the Electric Vehicles market, amounting to US$319,000m in 2024.
In the United States, the adoption of electric vehicles is steadily increasing as consumers prioritize environmental sustainability and embrace government incentives.